TFSA’s are the latest investment opportunity offered through the Federal Government of Canada. TFSA’s allow you to save tax free. OCCU is pleased to offer TFSA's with two separate investment options.

Daily TFSA Savings Account

TFSA Term Deposit Account

Benefits and Features of the TFSA

Contributions with after-tax dollars

Contributions not tax deductible

Earnings tax sheltered

Withdrawal of contribution/income not taxable

Withdrawal of contribution/income increases contribution room for future years.

Contribution Limits

Refer to CRA for the maximum contribution limits.

Eligible Contributors

Must be a resident of Canada

Must be 18 years of age or older

Must have a valid SIN number (cannot start with "9")

Important information on "Deposit Insurance" provided by DICO:
Deposit Insurance Corporation of Ontario (DICO): at Oshawa Community Credit Union, eligible deposits in RRSPs, RRIFs, RESPs, and TFSAs registered savings plans are fully insured. Other Canadian dollar deposits insured up to $100,000.
For further information on deposit insurance, please ask for a brochure at the credit union or call DICO at 1-800-268-6653 or log on to the website at www.dico.com